Gold futures on CMX are trading lower by half a percent at $1771.50 while domestic Gold is trading slightly higher by 20 points at Rs.31185.00. Silver is trading at $33.94, down by almost 2% or 65 cents. We expect international prices to trade lower for the day while weaker rupee against the dollar by almost a percent had restricted the down beats in domestic market. Copper is trading lower by 1.11% at $8166.00 on LME and is expected to trade lower along with all other base metals in coming sessions. Crude Oil and Natural Gas are also trading in red; Crude is down by 1.13% at $88.88 while Natural Gas is lower by 0.25% or 80 cents at $3.38.
US banks will be closed in observance of Columbus Day.
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